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Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | -50,3x - -55,6x | -53,0x |
Selected Fwd EBIT Multiple | 7,3x - 8,0x | 7,6x |
Fair Value | 277,67₩ - 331,85₩ | 304,76₩ |
Upside | -5,2% - 13,3% | 4,0% |
Benchmarks | Ticker | Full Ticker |
G2Power Co. Ltd | A388050 | KOSDAQ:A388050 |
Atum Co.,Ltd | A355690 | KOSDAQ:A355690 |
IL Science Co., Ltd. | A307180 | KOSDAQ:A307180 |
Vitzro Tech Co. Ltd | A042370 | KOSDAQ:A042370 |
SPG Co., Ltd. | A058610 | KOSDAQ:A058610 |
CNPLUS Co., Ltd. | A115530 | KOSDAQ:A115530 |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
A388050 | A355690 | A307180 | A042370 | A058610 | A115530 | ||
KOSDAQ:A388050 | KOSDAQ:A355690 | KOSDAQ:A307180 | KOSDAQ:A042370 | KOSDAQ:A058610 | KOSDAQ:A115530 | ||
Historical EBIT Growth | |||||||
5Y CAGR | NM- | NM- | 39.6% | 6.0% | 4.0% | NM- | |
3Y CAGR | NM- | NM- | 24.4% | 25.2% | -18.8% | NM- | |
Latest Twelve Months | 472.5% | 33.6% | 128.4% | 77.4% | -21.8% | -164.6% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 1.1% | -12.5% | -9.6% | 9.6% | 4.7% | -0.3% | |
Prior Fiscal Year | -2.0% | -12.3% | -43.8% | 8.2% | 4.1% | 2.7% | |
Latest Fiscal Year | 6.6% | -10.2% | 5.8% | 11.9% | 3.2% | -1.3% | |
Latest Twelve Months | 6.6% | -10.2% | 5.8% | 11.9% | 3.2% | -1.3% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 1.98x | 1.37x | 1.86x | 0.57x | 1.60x | 0.78x | |
EV / LTM EBITDA | 23.7x | -61.8x | 16.1x | 3.3x | 32.2x | 31.8x | |
EV / LTM EBIT | 29.8x | -13.4x | 31.9x | 4.7x | 49.8x | -59.3x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -13.4x | 29.8x | 49.8x | ||||
Historical EV / LTM EBIT | -96.5x | -24.6x | 28.5x | ||||
Selected EV / LTM EBIT | -50.3x | -53.0x | -55.6x | ||||
(x) LTM EBIT | (621) | (621) | (621) | ||||
(=) Implied Enterprise Value | 31,250 | 32,894 | 34,539 | ||||
(-) Non-shareholder Claims * | (16,107) | (16,107) | (16,107) | ||||
(=) Equity Value | 15,142 | 16,787 | 18,432 | ||||
(/) Shares Outstanding | 68.0 | 68.0 | 68.0 | ||||
Implied Value Range | 222.80 | 247.00 | 271.20 | ||||
FX Rate: KRW/KRW | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 222.80 | 247.00 | 271.20 | 293.00 | |||
Upside / (Downside) | -24.0% | -15.7% | -7.4% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | A388050 | A355690 | A307180 | A042370 | A058610 | A115530 | |
Enterprise Value | 112,879 | 47,843 | 154,813 | 240,531 | 604,131 | 36,021 | |
(+) Cash & Short Term Investments | 28,368 | 7,277 | 9,365 | 161,123 | 34,079 | 7,980 | |
(+) Investments & Other | 102 | 555 | 7,329 | 13,317 | 1,627 | 565 | |
(-) Debt | (1,435) | (19,441) | (86,612) | (28,515) | (73,205) | (24,652) | |
(-) Other Liabilities | 0 | (1,210) | (5,808) | (188,383) | 0 | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 139,915 | 35,024 | 79,087 | 198,072 | 566,632 | 19,913 | |
(/) Shares Outstanding | 18.7 | 5.4 | 27.7 | 26.2 | 22.2 | 68.0 | |
Implied Stock Price | 7,500.00 | 6,480.00 | 2,860.00 | 7,560.00 | 25,550.00 | 293.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 7,500.00 | 6,480.00 | 2,860.00 | 7,560.00 | 25,550.00 | 293.00 | |
Trading Currency | KRW | KRW | KRW | KRW | KRW | KRW | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |